qFish

qFish

Daily EURUSD short based on SD, .618 fib retrace, bearish engulfing, and MACD crossing confluence.

qFish

Based on previous two highs and using fib time cycle with fib 3.618 extension, there is confluence in year 2022 to serve as major resistance. We could expect a significant retrace then. For now, we can expect the bullish trend to continue with small retrace or consolidation at the next fib 2.618 extension level.

qFish

Divergence indicates market weakness. Could be a small retrace or start of trend reversal.

qFish

We are currently in a good position for a high probability and high risk to reward trade setup. See charts for analysis.

qFish

Trade setup off of fresh supply zone.

qFish

Trade based purely on Supply/Demand technicals from the the daily.